Cyprus move to euro will 'increase investment opportunities'
After the announcement that Cyprus is to adopt the euro next year, a currency expert company has suggested that the move will encourage investors to move into the country.
In addition, this will lead to more interest from British people looking to move to the island, HiFX stated, reported by Homes Worldwide.
Such a switch to the euro marks a certain amount of economic maturity, the publication suggested, something that will make the place more attractive for foreign investors.
Marketing director of the firm Mark Bodega stated that the legal system in Cyprus is also an understandable one.
"British purchasers like the legal system in Cyprus as it is easy to understand - being based on the English one. The Cypriot government also believes in looking after the environment," he commented.
In related news, an official at the Cyprus Tourism Organisation recently stated that he will try to increase the number of budget airline companies flying to the island.
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